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• Tata Technologies' IPO is now open for subscription under pre-apply mode and its shares are already demanding a premium of Rs 340-345 in the grey market.
• The company is being valued at 32x its FY23 EPS, which seems reasonably priced compared to industry peers.
• Tata Technologies is a leading global engineering services company with a workforce of over 11,000 employees spread across 18 global delivery centres.